Smart Plug Market Forecasts to 2028 – Global Analysis By Platform (Bluetooth, Wi-Fi, Zigbee or Z-Wave), Product (Metering Smart Plug, Timing Smart Plug), Type, Technology, Distribution Channel, End User and By Geography
According to Stratistics MRC, the Global Smart Plug Market is accounted for $3,237.08 million in 2020 and is expected to reach $8,130.10 million by 2028 growing at a CAGR of 12.2% during the forecast period. Rising technological advancements, increasing preference for smart homes, and high demand for remote access to appliances are the major factors propelling the market growth. However, security concerns associated with smart plugs and IoT is hampering the market growth.
Controlled remotely by a mobile app or smart home automation hub, a smart plug allows users to turn on and off any device that plugs into a standard wall outlet. Certain outlets can even be programmed to be able to turn on or off automatically at particular times or according to certain events. Smart plugs track energy usage and can represent the data on a mobile device. They are a cost-efficient way to convert any ordinary home appliances such as air conditioners, television, cable box, lamp, a coffee machine, fan, and others into a smart appliance enabling smart features accessible from mobile devices. Smart plugs, which have a myriad of uses, can form versatile building blocks for smart homes.
Based on end user, the household segment is going to have a lucrative growth during the forecast period owing to the large acceptance of technologically advanced products amongst householders and the average disposable income of the population. The concept of controlling all the electronic components of a home is gaining increasing attention, and vendors are developing smart plugs to cater to this demand. Smart plugs allow homeowners to operate and monitor all connected appliances via a smartphone.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising economies in the nations such as China, Japan, and India. In addition to this, rising middle-class population and the growing demand for digital services and solutions are some of the key factors that are likely to encourage the market growth in the near future.
Some of the key players profiled in the Smart Plug Market include Belkin International Inc., Broadlink, D-Link Corp., EDIMAX Technology Co. Ltd., Etekcity Corp., Haier, Insteon, iSmart Alarm Inc., Konke, Leviton Manufacturing Co. Inc., Panasonic Corp., Samsung, SDI Technologies Inc., TP-Link Technologies Co. Ltd., and Xiaomiw.
Platforms Covered:
• Bluetooth
• Wi-Fi
• Zigbee or Z-Wave
Products Covered:
• Metering Smart Plug
• Timing Smart Plug
Types Covered:
• Two-hole Plug
• Three-hole Plug
• Porous Plug
Technologies Covered:
• Early Majority
• Early Adopters
• Innovator
Distribution Channels Covered:
• Offline
• Online
End Users Covered:
• Commercial (Restaurant & Hotel)
• Household
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Plug Market, By Platform
5.1 Introduction
5.2 Bluetooth
5.3 Wi-Fi
5.4 Zigbee or Z-Wave
6 Global Smart Plug Market, By Product
6.1 Introduction
6.2 Metering Smart Plug
6.3 Timing Smart Plug
7 Global Smart Plug Market, By Type
7.1 Introduction
7.2 Two-hole Plug
7.3 Three-hole Plug
7.4 Porous Plug
8 Global Smart Plug Market, By Technology
8.1 Introduction
8.2 Early Majority
8.3 Early Adopters
8.4 Innovator
9 Global Smart Plug Market, By Distribution Channel
9.1 Introduction
9.2 Offline
9.3 Online
10 Global Smart Plug Market, By End User
10.1 Introduction
10.2 Commercial (Restaurant & Hotel)
10.3 Household
10.4 Industrial
11 Global Smart Plug Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Belkin International Inc.
13.2 Broadlink
13.3 D-Link Corp.
13.4 EDIMAX Technology Co. Ltd.
13.5 Etekcity Corp.
13.6 Haier
13.7 Insteon
13.8 iSmart Alarm Inc.
13.9 Konke
13.10 Leviton Manufacturing Co. Inc.
13.11 Panasonic Corp.
13.12 Samsung
13.13 SDI Technologies Inc.
13.14 TP-Link Technologies Co. Ltd.
13.15 Xiaomi
List of Tables
1 Global Smart Plug Market Outlook, By Region (2019-2028) ($MN)
2 Global Smart Plug Market Outlook, By Platform (2019-2028) ($MN)
3 Global Smart Plug Market Outlook, By Bluetooth (2019-2028) ($MN)
4 Global Smart Plug Market Outlook, By Wi-Fi (2019-2028) ($MN)
5 Global Smart Plug Market Outlook, By Zigbee or Z-Wave (2019-2028) ($MN)
6 Global Smart Plug Market Outlook, By Product (2019-2028) ($MN)
7 Global Smart Plug Market Outlook, By Metering Smart Plug (2019-2028) ($MN)
8 Global Smart Plug Market Outlook, By Timing Smart Plug (2019-2028) ($MN)
9 Global Smart Plug Market Outlook, By Type (2019-2028) ($MN)
10 Global Smart Plug Market Outlook, By Two-hole Plug (2019-2028) ($MN)
11 Global Smart Plug Market Outlook, By Three-hole Plug (2019-2028) ($MN)
12 Global Smart Plug Market Outlook, By Porous Plug (2019-2028) ($MN)
13 Global Smart Plug Market Outlook, By Technology (2019-2028) ($MN)
14 Global Smart Plug Market Outlook, By Early Majority (2019-2028) ($MN)
15 Global Smart Plug Market Outlook, By Early Adopters (2019-2028) ($MN)
16 Global Smart Plug Market Outlook, By Innovator (2019-2028) ($MN)
17 Global Smart Plug Market Outlook, By Distribution Channel (2019-2028) ($MN)
18 Global Smart Plug Market Outlook, By Offline (2019-2028) ($MN)
19 Global Smart Plug Market Outlook, By Online (2019-2028) ($MN)
20 Global Smart Plug Market Outlook, By End User (2019-2028) ($MN)
21 Global Smart Plug Market Outlook, By Commercial (Restaurant & Hotel) (2019-2028) ($MN)
22 Global Smart Plug Market Outlook, By Household (2019-2028) ($MN)
23 Global Smart Plug Market Outlook, By Industrial (2019-2028) ($MN)
24 North America Smart Plug Market Outlook, By Country (2019-2028) ($MN)
25 North America Smart Plug Market Outlook, By Platform (2019-2028) ($MN)
26 North America Smart Plug Market Outlook, By Bluetooth (2019-2028) ($MN)
27 North America Smart Plug Market Outlook, By Wi-Fi (2019-2028) ($MN)
28 North America Smart Plug Market Outlook, By Zigbee or Z-Wave (2019-2028) ($MN)
29 North America Smart Plug Market Outlook, By Product (2019-2028) ($MN)
30 North America Smart Plug Market Outlook, By Metering Smart Plug (2019-2028) ($MN)
31 North America Smart Plug Market Outlook, By Timing Smart Plug (2019-2028) ($MN)
32 North America Smart Plug Market Outlook, By Type (2019-2028) ($MN)
33 North America Smart Plug Market Outlook, By Two-hole Plug (2019-2028) ($MN)
34 North America Smart Plug Market Outlook, By Three-hole Plug (2019-2028) ($MN)
35 North America Smart Plug Market Outlook, By Porous Plug (2019-2028) ($MN)
36 North America Smart Plug Market Outlook, By Technology (2019-2028) ($MN)
37 North America Smart Plug Market Outlook, By Early Majority (2019-2028) ($MN)
38 North America Smart Plug Market Outlook, By Early Adopters (2019-2028) ($MN)
39 North America Smart Plug Market Outlook, By Innovator (2019-2028) ($MN)
40 North America Smart Plug Market Outlook, By Distribution Channel (2019-2028) ($MN)
41 North America Smart Plug Market Outlook, By Offline (2019-2028) ($MN)
42 North America Smart Plug Market Outlook, By Online (2019-2028) ($MN)
43 North America Smart Plug Market Outlook, By End User (2019-2028) ($MN)
44 North America Smart Plug Market Outlook, By Commercial (Restaurant & Hotel) (2019-2028) ($MN)
45 North America Smart Plug Market Outlook, By Household (2019-2028) ($MN)
46 North America Smart Plug Market Outlook, By Industrial (2019-2028) ($MN)
47 Europe Smart Plug Market Outlook, By Country (2019-2028) ($MN)
48 Europe Smart Plug Market Outlook, By Platform (2019-2028) ($MN)
49 Europe Smart Plug Market Outlook, By Bluetooth (2019-2028) ($MN)
50 Europe Smart Plug Market Outlook, By Wi-Fi (2019-2028) ($MN)
51 Europe Smart Plug Market Outlook, By Zigbee or Z-Wave (2019-2028) ($MN)
52 Europe Smart Plug Market Outlook, By Product (2019-2028) ($MN)
53 Europe Smart Plug Market Outlook, By Metering Smart Plug (2019-2028) ($MN)
54 Europe Smart Plug Market Outlook, By Timing Smart Plug (2019-2028) ($MN)
55 Europe Smart Plug Market Outlook, By Type (2019-2028) ($MN)
56 Europe Smart Plug Market Outlook, By Two-hole Plug (2019-2028) ($MN)
57 Europe Smart Plug Market Outlook, By Three-hole Plug (2019-2028) ($MN)
58 Europe Smart Plug Market Outlook, By Porous Plug (2019-2028) ($MN)
59 Europe Smart Plug Market Outlook, By Technology (2019-2028) ($MN)
60 Europe Smart Plug Market Outlook, By Early Majority (2019-2028) ($MN)
61 Europe Smart Plug Market Outlook, By Early Adopters (2019-2028) ($MN)
62 Europe Smart Plug Market Outlook, By Innovator (2019-2028) ($MN)
63 Europe Smart Plug Market Outlook, By Distribution Channel (2019-2028) ($MN)
64 Europe Smart Plug Market Outlook, By Offline (2019-2028) ($MN)
65 Europe Smart Plug Market Outlook, By Online (2019-2028) ($MN)
66 Europe Smart Plug Market Outlook, By End User (2019-2028) ($MN)
67 Europe Smart Plug Market Outlook, By Commercial (Restaurant & Hotel) (2019-2028) ($MN)
68 Europe Smart Plug Market Outlook, By Household (2019-2028) ($MN)
69 Europe Smart Plug Market Outlook, By Industrial (2019-2028) ($MN)
70 Asia Pacific Smart Plug Market Outlook, By Country (2019-2028) ($MN)
71 Asia Pacific Smart Plug Market Outlook, By Platform (2019-2028) ($MN)
72 Asia Pacific Smart Plug Market Outlook, By Bluetooth (2019-2028) ($MN)
73 Asia Pacific Smart Plug Market Outlook, By Wi-Fi (2019-2028) ($MN)
74 Asia Pacific Smart Plug Market Outlook, By Zigbee or Z-Wave (2019-2028) ($MN)
75 Asia Pacific Smart Plug Market Outlook, By Product (2019-2028) ($MN)
76 Asia Pacific Smart Plug Market Outlook, By Metering Smart Plug (2019-2028) ($MN)
77 Asia Pacific Smart Plug Market Outlook, By Timing Smart Plug (2019-2028) ($MN)
78 Asia Pacific Smart Plug Market Outlook, By Type (2019-2028) ($MN)
79 Asia Pacific Smart Plug Market Outlook, By Two-hole Plug (2019-2028) ($MN)
80 Asia Pacific Smart Plug Market Outlook, By Three-hole Plug (2019-2028) ($MN)
81 Asia Pacific Smart Plug Market Outlook, By Porous Plug (2019-2028) ($MN)
82 Asia Pacific Smart Plug Market Outlook, By Technology (2019-2028) ($MN)
83 Asia Pacific Smart Plug Market Outlook, By Early Majority (2019-2028) ($MN)
84 Asia Pacific Smart Plug Market Outlook, By Early Adopters (2019-2028) ($MN)
85 Asia Pacific Smart Plug Market Outlook, By Innovator (2019-2028) ($MN)
86 Asia Pacific Smart Plug Market Outlook, By Distribution Channel (2019-2028) ($MN)
87 Asia Pacific Smart Plug Market Outlook, By Offline (2019-2028) ($MN)
88 Asia Pacific Smart Plug Market Outlook, By Online (2019-2028) ($MN)
89 Asia Pacific Smart Plug Market Outlook, By End User (2019-2028) ($MN)
90 Asia Pacific Smart Plug Market Outlook, By Commercial (Restaurant & Hotel) (2019-2028) ($MN)
91 Asia Pacific Smart Plug Market Outlook, By Household (2019-2028) ($MN)
92 Asia Pacific Smart Plug Market Outlook, By Industrial (2019-2028) ($MN)
93 South America Smart Plug Market Outlook, By Country (2019-2028) ($MN)
94 South America Smart Plug Market Outlook, By Platform (2019-2028) ($MN)
95 South America Smart Plug Market Outlook, By Bluetooth (2019-2028) ($MN)
96 South America Smart Plug Market Outlook, By Wi-Fi (2019-2028) ($MN)
97 South America Smart Plug Market Outlook, By Zigbee or Z-Wave (2019-2028) ($MN)
98 South America Smart Plug Market Outlook, By Product (2019-2028) ($MN)
99 South America Smart Plug Market Outlook, By Metering Smart Plug (2019-2028) ($MN)
100 South America Smart Plug Market Outlook, By Timing Smart Plug (2019-2028) ($MN)
101 South America Smart Plug Market Outlook, By Type (2019-2028) ($MN)
102 South America Smart Plug Market Outlook, By Two-hole Plug (2019-2028) ($MN)
103 South America Smart Plug Market Outlook, By Three-hole Plug (2019-2028) ($MN)
104 South America Smart Plug Market Outlook, By Porous Plug (2019-2028) ($MN)
105 South America Smart Plug Market Outlook, By Technology (2019-2028) ($MN)
106 South America Smart Plug Market Outlook, By Early Majority (2019-2028) ($MN)
107 South America Smart Plug Market Outlook, By Early Adopters (2019-2028) ($MN)
108 South America Smart Plug Market Outlook, By Innovator (2019-2028) ($MN)
109 South America Smart Plug Market Outlook, By Distribution Channel (2019-2028) ($MN)
110 South America Smart Plug Market Outlook, By Offline (2019-2028) ($MN)
111 South America Smart Plug Market Outlook, By Online (2019-2028) ($MN)
112 South America Smart Plug Market Outlook, By End User (2019-2028) ($MN)
113 South America Smart Plug Market Outlook, By Commercial (Restaurant & Hotel) (2019-2028) ($MN)
114 South America Smart Plug Market Outlook, By Household (2019-2028) ($MN)
115 South America Smart Plug Market Outlook, By Industrial (2019-2028) ($MN)
116 Middle East & Africa Smart Plug Market Outlook, By Country (2019-2028) ($MN)
117 Middle East & Africa Smart Plug Market Outlook, By Platform (2019-2028) ($MN)
118 Middle East & Africa Smart Plug Market Outlook, By Bluetooth (2019-2028) ($MN)
119 Middle East & Africa Smart Plug Market Outlook, By Wi-Fi (2019-2028) ($MN)
120 Middle East & Africa Smart Plug Market Outlook, By Zigbee or Z-Wave (2019-2028) ($MN)
121 Middle East & Africa Smart Plug Market Outlook, By Product (2019-2028) ($MN)
122 Middle East & Africa Smart Plug Market Outlook, By Metering Smart Plug (2019-2028) ($MN)
123 Middle East & Africa Smart Plug Market Outlook, By Timing Smart Plug (2019-2028) ($MN)
124 Middle East & Africa Smart Plug Market Outlook, By Type (2019-2028) ($MN)
125 Middle East & Africa Smart Plug Market Outlook, By Two-hole Plug (2019-2028) ($MN)
126 Middle East & Africa Smart Plug Market Outlook, By Three-hole Plug (2019-2028) ($MN)
127 Middle East & Africa Smart Plug Market Outlook, By Porous Plug (2019-2028) ($MN)
128 Middle East & Africa Smart Plug Market Outlook, By Technology (2019-2028) ($MN)
129 Middle East & Africa Smart Plug Market Outlook, By Early Majority (2019-2028) ($MN)
130 Middle East & Africa Smart Plug Market Outlook, By Early Adopters (2019-2028) ($MN)
131 Middle East & Africa Smart Plug Market Outlook, By Innovator (2019-2028) ($MN)
132 Middle East & Africa Smart Plug Market Outlook, By Distribution Channel (2019-2028) ($MN)
133 Middle East & Africa Smart Plug Market Outlook, By Offline (2019-2028) ($MN)
134 Middle East & Africa Smart Plug Market Outlook, By Online (2019-2028) ($MN)
135 Middle East & Africa Smart Plug Market Outlook, By End User (2019-2028) ($MN)
136 Middle East & Africa Smart Plug Market Outlook, By Commercial (Restaurant & Hotel) (2019-2028) ($MN)
137 Middle East & Africa Smart Plug Market Outlook, By Household (2019-2028) ($MN)
138 Middle East & Africa Smart Plug Market Outlook, By Industrial (2019-2028) ($MN)
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